tag:blogger.com,1999:blog-7905515.post6221702004455311132..comments2015-03-01T14:56:01.022-06:00Comments on Falkenblog: Don't Innovate Too MuchEric Falkensteinhttp://www.blogger.com/profile/07243687157322033496noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7905515.post-63851596278761128342013-01-24T10:01:02.587-06:002013-01-24T10:01:02.587-06:00Mercury: low vol is only popular because so many p...Mercury: low vol is only popular because so many people are currently doing it. Otherwise, you need a lot of luck finding someone with capital who will fund such an idea in spite of &#39;no one else they know&#39; doing it. Eventually these people arise, but your odds aren&#39;t good if all you have a is a novel idea to increase Sharpes by 0.4. Eric Falkensteinhttp://www.blogger.com/profile/07243687157322033496noreply@blogger.comtag:blogger.com,1999:blog-7905515.post-49776212441381477362013-01-24T09:26:34.488-06:002013-01-24T09:26:34.488-06:00“We copy to acquire knowledge that becomes the fou...“We copy to acquire knowledge that becomes the foundation for variations and extensions that appear to outsiders as thinking outside the box.” <br /><br />The contemporary art market seems to be a notable exception to this universal principal as for decades now high-end art buyers have been exchanging wads of cash for complete and total crap which stands on the shoulders of nothing.<br /><br />And I should think that it is easier now than it ever has been to implement and reap the benefits from a truly superior but socially unpopular idea in the financial markets. Do you think your low-vol thesis would languish in obscurity for so long if it were introduced and applied for the first time today?<br />Mercurynoreply@blogger.comtag:blogger.com,1999:blog-7905515.post-36755582580258748662013-01-24T08:33:09.584-06:002013-01-24T08:33:09.584-06:00Oh Falks, you cynical old man you. If you had bee...Oh Falks, you cynical old man you. If you had been eager to join the academic mutual masturbation society at that age, you would be a different person. Anonymousnoreply@blogger.com